Preliminary figures released by the International Stainless Steel Forum (ISSF) show that stainless steel crude steel production has been further growing in the first half of 2013 with an increase of 4.6% compared to the same period of 2012. Total production for the first six months of 2013 was 18.6 million metric tons (mmt) – these are 0.8 mmt more than in the same period of last year and it is another all-time-high. However the analysis by regions and even more by individual countries show very mixed results ranging from minus 15% to plus 15%.
In Asia with China excluded, stainless steel production decreased by 3.7% to 4.3 million tons. There was a mixed performance of the individual Asian countries in the period of review: While India showed increased production volumes the stainless crude steel production decreased in Japan, Korea and Taiwan, China. China increased the stainless steel production in the period of review by 15.1% to 8.8 mmt. Thus entire Asia now counts for approximately 70% of the world stainless crude steel production.
Western Europe/Africa experienced a shrinking development in stainless steel production during the first six months of 2013. Total production was 4.1 mmt (minus 4.0%) in this period. Also in this area there was a split development showing production changes from plus 2% to minus 15% after the first six months of 2013.
In The Americas region, stainless crude steel production decreased by 1.9% to 1.2 million tons in the first half of the year. Production in the Eastern Europe region showed a plus of 12.4% - mainly due to the strong performance of Russia- , with now some 0.2 mmt continuously on an almost negligible low volume level.
Stainless and Heat Resisting Crude Steel Production (in '000 mt)
Source: International Stainless Steel Forum (ISSF)
